s 10 Amendment of designated financial holding company’s constitution
10.—(1) Every designated financial holding company shall, prior to the making of any amendment or alteration in the memorandum of association and articles of association or other instrument under which it is incorporated, formed or established, furnish to the Authority particulars in writing of the proposed amendment or alteration. (2) Every designated financial holding company shall, within 3 months after the making of any amendment or alteration in the memorandum of association and articles of association or other instrument under which it is incorporated, formed or established, furnish to the Authority particulars in writing of the amendment or alteration, verified by either of the following:(a) a statutory declaration or its equivalent made by a senior officer of the designated financial holding company; or (b) proof of lodgment of the amendment or alteration under the Companies Act (Cap. 50). (3) Any designated financial holding company which contravenes subsection (1) or (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000 and, in the case of a continuing offence, to a further fine not exceeding $2,500 for every day or part thereof during which the offence continues after conviction.